When two or more people gather together in order to accomplish a common task, then it’s known as a group. A team comprises of a group of people who are link for a common purpose. Teams are suitable for tasks which are complicated in nature. In a team there are different people with different skills to support one another. People individual ability helps minimize other people’s disability. There are many teams like independent and interdependent team; self managed team, project teams, sports team, cross functional team and virtual team. (Wikipedia, 2008) The main objective of this essay is to identify the advantages of team based management and affect of team on organization culture and structure. In this essay, different types of teams, pros and cons of team, impacts of team on organization structure and culture have been discussed.